10,746.98 TRY BIST 100 BIST 100
46.32 EUR EUR EUR
40.59 USD USD USD
5.66 CNY CNY CNY
0.12 CNY CNY/EUR CNY/EUR
39.88 TRY Interest Interest
71.28 USD Fossil Oil Fossil Oil
48.71 USD Silver Silver
4.45 USD Copper Copper
99.02 USD Iron Ore Iron Ore
332.00 USD Shipbreaking Scrap Shipbreaking Scrap
4,387.23 TRY Gold (gr) Gold (gr)

‘IMF: Gulf countries continue to grow on reforms and steel production’

The IMF report reveals that the Gulf countries continue to grow with strong reforms and diversifying sectors.

‘IMF: Gulf countries continue to grow on reforms and steel production’

According to a report by the International Monetary Fund (IMF), the Gulf Cooperation Council (GCC) economies continue to show resilience despite external shocks such as regional conflicts and oil production disruptions. In 2024, the regional economy is expected to grow by 3.5 per cent, while Saudi Arabia and the United Arab Emirates (UAE) are expected to grow by 4.4 and 4.5 per cent, respectively. Strong performance, particularly in non-oil sectors such as tourism, steel production, financial services and technology, is contributing significantly to economic diversification efforts. The Gaza conflict is reported to have a limited impact on the region.

Raporda, iş ortamının iyileştirilmesi, insan sermayesinin geliştirilmesi ve dijital dönüşüm gibi reformların ekonomiyi desteklediği ifade ediliyor. Ayrıca enerji üretiminin genişlemesi ve lojistik altyapı projelerinin hayata geçirilmesi gibi faktörlerin büyümeyi artırdığı vurgulanıyor. Çelik üretimi gibi sanayi faaliyetleri de petrol dışı büyümeye önemli katkılar sağlıyor. OPEC+ ittifakının üretim kesintilerini kaldırma kararı ve doğal gaz üretimindeki artış da büyümeye destek veren diğer unsurlar arasında yer alıyor.

Bununla birlikte, küresel ekonomik yavaşlama, yüksek faiz oranlarının devam etmesi ve uzun süren çatışmalar gibi olumsuz riskler büyüme beklentilerini tehdit ediyor. Bu durum, hidrokarbon fiyatlarında dalgalanmalara, ihracatın azalmasına ve finansman maliyetlerinin artmasına neden olabilir. IMF, bu risklere karşı Körfez ülkelerinin reform çabalarını hızlandırması ve ticaret-finans entegrasyonunu önceliklendirmesi gerektiğini vurguluyor.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Steel prices in the Middle East shaped by production and demand dynamics

Monday, August 4, 2025

Iran's steel sector is struggling with an energy crisis: uninterrupted production in only one month out of 12

Monday, August 4, 2025

BlueScope-led consortium considers takeover of Australia's Whyalla steel mill

Monday, August 4, 2025

Japan Steel Works announced growth above expectations in the first quarter of fiscal 2026

Monday, August 4, 2025

Nippon Steel to fully acquire Kurosaki Harima

Monday, August 4, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now